Breaking News! We just read on mediabistro that the 106-year-old House & Garden magazine has apparently been axed by Conde Nast. MediaBistro posted the official statement: (after the jump) *Update: Design*Sponge sadly confirms the news as well. (more...) "House & Garden magazine will cease publication with its December issue, it was announced today by Charles H. Townsend, President & CEO of Condé Nast Publications. The website, houseandgarden.com, will also be shut down. "House & Garden has a long and venerable history within Condé Nast," Mr. Townsend said. "This has been a difficult decision to come to but we feel it is one that must be made at this time. I would like to thank Dominique Browning and the entire staff for their award-winning efforts throughout the years. House and Garden's intelligent and graceful editorial attracted a loyal readership. We were proud to publish it. "With the unexpected departure of the publisher of the magazine, we decided to take a serious look and re-evaluate the title," Mr. Townsend said. "Our investment in House & Garden throughout the years has been substantial and we no longer believe it is a viable business investment for the company." Condé Nast will continue to be a leading publisher in the home and lifestyle category with magazines including Architectural Digest, Domino, and Vogue Living (which will increase its frequency in 2008)." Thoughts?